Archive
Google US$10 Billion Investment Boosts India’s Fintech Hub
As the world steers its way through the digital age, one country is making waves in the rapidly expanding global fintech ecosystem – India. This nation has carved out a significant role in the international technological landscape thanks to the
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Singapore, Rwanda Launch RISE Programme to Boost Trade Opportunities
The Rwanda Imbaraga SME Ecosystem (RISE) programme has been launched to foster stronger connections between financial institutions and SMEs in both Rwanda and Singapore. RISE aims to equip SMEs in Rwanda with better capabilities to participate in domestic and cross-border
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MAS Proposes Code of Conduct on ESG Ratings and Data Products
The Monetary Authority of Singapore (MAS) is proposing an industry code of conduct for providers of Environmental, Social, and Governance (ESG) ratings and data products. ESG ratings help provide an assessment of the impact of ESG factors on an entity.
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Are Digital Service Providers’ Financial Inclusion Efforts in Asia Bearing Fruit?
In Southeast Asia, the availability of digital financial service alternatives has had a transformative impact on financial inclusion. These initiatives have empowered individuals and micro-businesses, creating opportunities for job creation, education, improved healthcare, and enhanced livelihoods. The positive outcomes of
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MAS Proposes Raising Deposit Insurance Coverage to S$100,000
The Monetary Authority of Singapore (MAS) is proposing to increase deposit insurance (DI) coverage per depositor from S$75,000 to S$100,000 in a public consultation paper. The paper also seeks to improve the clarity and operational efficiency of the DI scheme.
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Spenmo Appoints Justin Choi as New CEO, Mohandass Takes up Advisory Role
Singapore-based payables management software platform Spenmo announced that it has appointed Justin Choi as its new CEO. He succeeds Mohandass Kalaichelvan who will assume an advisory position while remaining on the company’s Board of Directors. Mohandass said, “It has been
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MAS and SGX Group Collaborate with CDSC to Drive Global Climate Data Transparency
The Monetary Authority of Singapore (MAS) and Singapore Exchange (SGX Group) will collaborate with the Secretariat of the Climate Data Steering Committee (CDSC) so stakeholders around the world will have access to key climate transition-related data. This includes, but is
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How AI is Reshaping Banking in 2023
In recent years, the Artificial Intelligence (AI) growth in the finance market has been considerable, with the sector projected to expand to an astonishing US$ 1,591.03 billion by 2030 at a Compound Annual Growth Rate (CAGR) of 38.1 percent. A study
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Opportunities Lie Ahead for Swiss Fintech Startups in Vietnam
In Vietnam, rising demand for digital financial solutions, supportive policies and government initiatives to nurture fintech innovation are providing tremendous opportunities which Swiss fintech players should tap into, a new Vietnam Fintech report by Switzerland Global Enterprise (S-GE) says. The
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Crypto.com to Set up Global Innovation Lab for Blockchain, WEB3.0 and AI Projects
Digital asset exchange Crypto.com announced that it will establish its first Global Innovation Lab in Singapore, making the city-state its designated global R&D hub. The new lab will be focused on identifying novel applications for blockchain, WEB3.0 and AI as
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